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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #73,041
  • Apr 13, 2008 4:45pm Apr 13, 2008 4:45pm
Quoting smart_algo
for the guppy befor complet his way he will back to the 5sma so i see 125 pip to long... thnx to lilmoe
as i said, the price already have reached that point, however, not on all brokers though. i'm not sure what will happen the next 10 hours, but i'm guessing a slow market untill then...
  • #73,042
  • Apr 13, 2008 4:46pm Apr 13, 2008 4:46pm
Quoting lilmoe
not far from true at all...

according to this monthly chart, gbp/usd has has been bounced off 76.4 fibo of both historical high and low. bounces off of that level will insure a good term of downtrend for both this month and next month... also, we right now at 38.2% fib since low of 1.70 (back in november 2005) and high of 2.11 (past november), i'm guessing at least 1.80 (76.4 - 78.6 fibo levels, also historical 50% fibo) by the end of 2009, or maybe way earlier, since we have qqe pointing DOWN. if breached we SHOULD have the price retest the low of 1.70.
the only thing, in my own opinion, that should get in the way of that downtrend is the historical 61.8% fibo... i'm guessing a bounce off of that price...
forgot to attach the chart, here it is...


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  • #73,043
  • Apr 13, 2008 4:58pm Apr 13, 2008 4:58pm
im m30 chart i have a momentum down to 5sma 40 pip as in h1 chart but in daily i have an up mom 125 pip... last week(friday) i seen a H&S nd give me 150pip
my immortal
  • #73,044
  • Apr 13, 2008 4:59pm Apr 13, 2008 4:59pm
Quoting DutchTrader
Q,

See you around. I think we're headed down to the lows bro. We started off pre market at 201, then opened at 199.50 and now are headed down.
I hear ya, but a break of 198 1st target then 196.85/95 area would be more convincing that price is headed back to the lows and perhaps lower.

Only time will tell - as I see a very interesting week ahead for GJ, probably not as some r expecting! =
  • #73,045
  • Apr 13, 2008 5:06pm Apr 13, 2008 5:06pm
Quoting quecee5
I hear ya, but a break of 198 1st target then 196.85/95 area would be more convincing that price is headed back to the lows and perhaps lower.

Only time will tell - as I see a very interesting week ahead for GJ, probably not as some r expecting! =
I agree I'm holding my shorts but am going to reevaluate as always.
Patience + Humility + Study = Success
  • #73,046
  • Apr 13, 2008 5:08pm Apr 13, 2008 5:08pm
Down.
Trade what you see, not what you think.
  • #73,047
  • Apr 13, 2008 5:09pm Apr 13, 2008 5:09pm
Quoting karmostaji
Down.

mar7aba m3allem
  • #73,048
  • Apr 13, 2008 5:12pm Apr 13, 2008 5:12pm
Quoting lilmoe
mar7aba m3allem
Mar7abtain bro, it's good to see you
Trade what you see, not what you think.
  • #73,049
  • Apr 13, 2008 5:13pm Apr 13, 2008 5:13pm
Think the current for geppy will be mostly up looking at cable and yen, lots of support below on both these charts, Also with G7,8 influence Yen should scream as USD becomes support if in fact that becomes fruit of the vine, With Chunnel needing to come off that should lend strong GBP support leaving geppy a cross current of distribution before accumulation begins. But anything can happen

Myself leaving the crosses alone and shorting euro's and longing yen if applicable
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"Millionaires don't use astrology, billionaires do"
  • #73,050
  • Apr 13, 2008 5:17pm Apr 13, 2008 5:17pm
Quoting karmostaji
Mar7abtain bro, it's good to see you

yea long time, where have u been?
  • #73,051
  • Apr 13, 2008 5:23pm Apr 13, 2008 5:23pm
Quoting DutchTrader
Q,

See you around. I think we're headed down to the lows bro. We started off pre market at 201, then opened at 199.50 and now are headed down.

Volume drives price and with no volume comes manipulation . I do not pay much notice to premarket as 99 % of the time the gap fills.

As i said before , and i still maintain we should get a retrace to 50% or even 61.8% of the last move down from 201.86 to 198.5.
200.15 or 200.55 will be the areas i will be looking to sell from , if there is a suitable trigger.

In the mean time i am looking to get long above R at 199.5 ( say 199.65) for a 40 to 100 pip ride up
Blogging daily now at www.volume.zone
  • #73,052
  • Apr 13, 2008 5:25pm Apr 13, 2008 5:25pm
Quoting malcolmb14
Volume drives price and with no volume comes manipulation . I do not pay much notice to premarket as 99 % of the time the gap fills.

As i said before , and i still maintain we should get a retrace to 50% or even 61.8% of the last move down from 201.86 to 198.5.
200.15 or 200.55 will be the areas i will be looking to sell from , if there is a suitable trigger.

In the mean time i am looking to get long above R at 199.5 ( say 199.65) for a 40 to 100 pip ride up
You're right, I just think it gives a hint at sentiment which is important.
Patience + Humility + Study = Success
  • #73,053
  • Apr 13, 2008 5:30pm Apr 13, 2008 5:30pm
Asian stocks are getting battered, hmmm...
Patience + Humility + Study = Success
  • #73,054
  • Apr 13, 2008 5:31pm Apr 13, 2008 5:31pm
There is the gap close. Now lets see what happens
Blogging daily now at www.volume.zone
  • #73,055
  • Apr 13, 2008 5:33pm Apr 13, 2008 5:33pm
Quoting DutchTrader
Asian stocks are getting battered, hmmm...

??? Nikkei does not open for another 1.5 hours and hangseng after that
Blogging daily now at www.volume.zone
  • #73,056
  • Apr 13, 2008 5:34pm Apr 13, 2008 5:34pm
Quoting DutchTrader
Asian stocks are getting battered, hmmm...
Nikkei will open with a gap down as it follows the North American markets
Blogging daily now at www.volume.zone
  • #73,057
  • Apr 13, 2008 5:36pm Apr 13, 2008 5:36pm
Quoting quecee5
G7 comments suggest concerns with USD price being too low too fast, could see some short covering early in the week before GJ heads down much further. . .

Also, a break of 196.85/95 support would target 194 area then back to the lows (192.50 area) and perhaps lower. . .

A break of 202 resistance will probably challenge 203.40/45 area 1st target, then on to 206 area if trading above 203.40/45 area is sustained. . .

Good luck. . .
Hi Q,

Had a good weekend bro?
waiting for 1hr zls to cross upward then turns back down to go short.
Hope this works out.
You in any position? care to share?
Thanks.
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  • #73,058
  • Apr 13, 2008 5:37pm Apr 13, 2008 5:37pm
Quoting malcolmb14
??? Nikkei does not open for another 1.5 hours and hangseng after that
I'm watching futures on bloomberg tv. Also Australasia is suckin eggs, NZ and AUS
Patience + Humility + Study = Success
  • #73,059
  • Apr 13, 2008 5:40pm Apr 13, 2008 5:40pm
Quoting malcolmb14
Volume drives price and with no volume comes manipulation . I do not pay much notice to premarket as 99 % of the time the gap fills.

As i said before , and i still maintain we should get a retrace to 50% or even 61.8% of the last move down from 201.86 to 198.5.
200.15 or 200.55 will be the areas i will be looking to sell from , if there is a suitable trigger.

In the mean time i am looking to get long above R at 199.5 ( say 199.65) for a 40 to 100 pip ride up
I think this daily chart says it all - it's just a matter of what support will hold. Whatever lows price is driven to I suspect will be scooped up quickly as I see GJ price being driven up to the 210 area possibly 219 soon. . .

JMHO!
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  • #73,060
  • Apr 13, 2008 6:02pm Apr 13, 2008 6:02pm
Quoting quecee5
I think this daily chart says it all - it's just a matter of what support will hold. Whatever lows price is driven to I suspect will be scooped up quickly as I see GJ price being driven up to the 210 area possibly 219 soon. . .

JMHO!
Hard for to see that happening unless it is going to move counter the DOW.

I see the DOW going below 12,000 this week and testing the March low of about 11,750.

I think we are going to hear a lot of negatives when Citi, JP, Merrill and Wells Fargo report earnings this week.
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